Added to YB: 2024-10-04
Pitch date: 2024-10-02
TLW.L [bearish]
Tullow Oil plc
+75.43%
current return
Author Info
Company Info
Tullow Oil plc, an energy company, develops, produces, and sells oil and gas resources in Ghana, Gabon, Côte d’Ivoire, Kenya, and Argentina.
Market Cap
GBP 405.3M
Pitch Price
GBP 0.23
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.12
P/E
7.71
EV/Sales
1.67
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
UK Short Rattle Bag: $TLW
TLW.L short: Jubilee field underperforming, production down to 87kbd vs 110kbd expected. Every 5kbd drop costs $60m/yr. Oil price decline further impacts cash flow. Refinancing challenges, potential $800m ICC claims, GNPC payment issues. High debt ($1.7bn), maturing facilities, low current ratio. Equity at risk if production disappoints or legal cases lost.
Read full article (3 min)